Property Overview: 675 River Road, Winnipeg
Key Characteristics & Appeal
This home at 675 River Road presents a compelling blend of space, location, and value. Built in 1958, it is an older home on its street and in the Minnetonka area, which suggests potential for updates but also speaks to the established character of the neighbourhood. Its true standout feature is the generous 10,896 sqft lot, which ranks in the top 5% citywide. This offers exceptional outdoor space for gardens, recreation, or expansion, a rarity compared to the average city lot.
The 1,648 sqft living area is comfortably above the city average, providing ample room for a family. The assessed value is positioned above average for both the area and the city, indicating a solid valuation in its market. The property last sold in the $500k-$550k range in 2022. Its appeal lies in this combination of a larger-than-average home on a significantly larger-than-average parcel of land, offering a sense of space and privacy that is increasingly hard to find.
This property would best suit buyers who value land size and interior space over a newer build. It’s ideal for those with a vision for landscaping, outdoor living, or who simply want room to breathe. It could also be a fit for buyers comfortable with a home of vintage character, understanding that it may require modernization to match contemporary standards.
Frequently Asked Questions
1. Is the older year of build a concern?
While the 1958 build date is older than many homes on the street, it is around the citywide average. This typically means systems like roofing, plumbing, and wiring should be carefully evaluated during an inspection, but many homes of this era were built with durable materials and offer good structural bones.
2. What does the "Elite" ranking for land area actually mean?
Ranking in the top 5% citywide for lot size means this property offers a level of outdoor space that is uncommon in Winnipeg. It’s a key asset, whether for privacy, gardening, adding a structure like a garage or studio, or simply having a large yard for children and pets.
3. How does the assessed value relate to the likely market price?
The assessed value is for municipal tax purposes and is often lower than market value. The 2022 sale price range provides a more current benchmark. Market price is influenced by factors like condition, updates, and current market trends not fully captured in the assessment.
4. The home seems larger than city average but smaller than others on the street. Is that a drawback?
Not necessarily. The living area is above average for the city and the wider area, meaning it’s a spacious home. Being slightly below the specific street average suggests other homes on River Road are particularly large, which can be a positive, indicating a consistent quality of housing in the immediate vicinity.
5. How can I get the exact historical sold prices?
The provided sale price is a public data range. The listing service offers to provide the exact sold price history via a manual email request at no cost, with a promise of no marketing spam.